Crypto

Switzerland has approved its first comprehensive national strategy for fighting money laundering and terrorist financing, the country’s Federal Council announced Friday. 

The European Commission is preparing to unveil an action plan against digital fraud before the summer as it seeks to strengthen the European Union’s response to a surge in online scams and cyber-enabled financial crime.

Companies House has removed cryptocurrency exchange Zedxion Exchange Ltd. from the UK’s register of businesses after an investigative report by OCCRP found the firm used a fictitious director and misleading incorporation filings to conceal links to sanctioned Iranian tycoon Babak Zanjani.

Digital money transfers have overtaken cash for the first time in the U.S.-to-Mexico remittance corridor, marking a shift in the world’s largest flow of cross-border family payments and intensifying pressure on traditional cash-based providers.

A UK parliamentary committee warned on Wednesday that weaknesses in Britain’s political finance regime leave it vulnerable to illicit foreign funds, and said enforcement remains too fragmented and underpowered to deter abuse.

Serious and organized crime became more diverse and more harmful in 2025, with drugs, organized immigration crime, and illicit finance all worsening, according to a new report by the UK’s National Crime Agency (NCA). 

Three class-action lawsuits have been filed in the wake of federal charges against Christopher Delgado, the founder and former chief executive of Goliath Ventures, including one case accusing JPMorgan Chase of helping enable an alleged $328-million crypto- Ponzi scheme.

Global financial fraud cost an estimated $442 billion in 2025 and is set to worsen over the next three to five years as artificial intelligence lowers barriers for criminals and scam-center operations spread far beyond Asia, according to INTERPOL’s latest global threat assessment. 

North Korean IT operatives are increasingly using artificial intelligence tools to pose as remote workers, win jobs, and draw salaries from European companies, the Financial Times reported, citing cyber security experts who said the threat is spreading beyond the United States.

Binance internal investigators identified VIP accounts they said helped channel more than $1 billion to wallets tied to Iran-linked entities, including one account registered to a 79-year-old Chinese resident and another linked to a suspected Iranian gold smuggler.